This compound is primarily utilized in pharmaceutical research as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of compounds targeting neurological disorders, such as anxiety and depression, due to its ability to interact with specific receptors in the brain. Additionally, it serves as a building block in the creation of potential therapeutic agents for cardiovascular diseases, where modulation of certain pathways is required. Its application extends to the field of organic synthesis, where it is employed to construct complex heterocyclic frameworks that are essential in drug discovery and development.